12 July 2009
The Iraqi Stock Exchange (ISX) launched on Sunday trade over the shares of two new joint-stock companies as part of a plan to register all companies into e-trading, increasing the number of companies in electronic trading sessions to 32.
The Iraqi Stock Exchange (ISX) launched on Sunday trade over the shares of two new joint-stock companies as part of a plan to register all companies into e-trading, increasing the number of companies in electronic trading sessions to 32.
"Procedures to include a third company - the Baghdad Bank Company - in the e-trading sessions were postponed for reasons of updating its shareholders' records," according to a statement by the Iraqi capital market as received by Aswat al-Iraq news agency.
The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks are the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels are the Ashtar Hotel and Al-Mansour Hotel.
On June 7, the Iraqi Middle East Investment Bank and the Warka Bank joined the electronic trading sessions.
The ISX now holds three electronic sessions on a weekly basis: on Sundays, Tuesdays and Thursdays.
© Aswat Aliraq 2009
